Schaeffler to scale up CV business, make India R&D hub for mechatronics
Schaeffler India, a fully owned Indian subsidiary of the $16.5 billion German industrial and automotive component manufacturer – Schaeffler Group, is aiming to double its turnover to about Rs 10,000 crore in the next five years.
The company expects that new technology, especially the implementation of new emission and safety norms, will contribute heavily to the growth.
Schaeffler clocked Rs 4,500 crore revenue in the last fiscal year in India, and is aiming to lift contribution from the commercial vehicle segment to 10% from about a tiny 7% now to the total revenue from India.
Headquartered in Pune, Schaeffler is on its way to carve out a dominating position in CVs with the launch of new shield, unitised bearings and rocker arms, apart from increasing sales of diaphragm clutches.
Diaphragm clutches demand is rapidly increasing and it currently contributes 40% of the market, which is expected to increase to 100% in the next few years. The diaphragm technology provides superior torque transmission throughout the lifetime of the clutch assembly because of its spring characteristics.
According to company, the bearing business will also grow with the introduction of the new technology – shield unitised bearings. These bearings don’t require to be attended to or greased during their lifetime, which gives a great advantage of cutting the down time of the commercial vehicles.
The traditional bearing requires greasing at every about 20,000 kilometers, but this new bearing technology will help run more than a million kilometers without any greasing. However, the cost may be 3-4 times higher, but will make a lot of economic sense in overall operating cost, according to Dharmesh Arora, president & CEO, Schaeffler India.
The company is also launching an engine rocker arm for commercial vehicles. It already supplies this to passenger vehicles and two-wheelers. For CVs, the engine rocker arm will be produced from the Pune plant.